secwatch.observer — SEC 8-K summary
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Issuer:     KINGSWAY FINANCIAL SERVICES INC (KFS)
CIK:        0001072627
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001213900-25-014562
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud

Kingsway Financial Services Raises $4.4 Million Through Private Placement of Class C Preferred Stock
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- Issued 176,756 shares of Class C Preferred Stock at $25 per share for initial proceeds of $4,418,900.
- Class C Preferred Stock carries an 8% cumulative dividend rate, increasing to 18% if unpaid for two consecutive quarters.
- Holders can convert each share into 2.63158 shares of common stock, with mandatory redemption on February 12, 2032.
- Company may sell additional shares up to $6 million total in the Offering.
- The preferred stock ranks pari passu with Class B Preferred Stock and senior to common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/0001213900-25-014562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/ea0231313-8k_kingsway.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-014562

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